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Northbridge Industrial Services Plc

Australia overtakes Qatar as top LNG exporter for 2019

Australia has officially become the world’s largest annual exporter of liquefied natural gas (LNG), with the Woodside-operated North West Shelf project and two Chevron-operated sites, all in Western Australia, making the largest contributions.

With an estimated 77.514 million tonnes (Mt) of locally produced LNG in 2019, Australia edged out Qatar, which is expected to register an estimated 75Mt for the year.

Australia’s 2019 total is more than double that of the United States, the world’s other fast-growing LNG producer.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.